Medro Updates

Clarify Representation and Compensation Before an Advisory Engagement

By Don McClain

By Don McClain | Founder & Principal, Medro Advisors

The May 27 archive article distinguishes promotional claims from capital advisory work. Extend that review with a written role check: who is the client, who provides advice, who supplies capital and who receives compensation from each party? Ask how affiliated businesses or competing interests will be disclosed and handled. Separate an introduction from a retained advisory responsibility, and identify who can make decisions for the owner. Review these answers against the engagement before sharing a transaction file. Clear roles help an owner evaluate advice without treating a referral as approval. Discuss the proposed scope with Medro Advisors. FUNDED is forthcoming.